Top 10 UK Property Sales Hotspots

If you’re considering selling your house, you’re probably keen to understand the current trends in your local housing market. That’s where we come in! Our Top 10 UK Property Sales Hotspots and based on data from Rightmove, who often assess changes in house prices, buyer interest, and agreements of sale at a national level. However, smaller, localized markets exist, and conditions can vary significantly from one area to another.

Here are our UK Property Sales Hotspots as of right now!

Currently, on a national level, there’s a 13% increase in the number of sales agreements compared to the same time last year. Some areas are experiencing even larger spikes, with four regions witnessing over double the number of homes entering into a sold subject to contract status compared to last year.

Chard in Somerset tops the list and features average house prices well below the south west regional average of £245,202. This highlights that buyers may be gravitating towards more affordable areas amid high mortgage rates and the ongoing cost-of-living pressures.

Here’s a snapshot of the current sales hotspots:

Detached Houses Experience Major Sales Growth Since 2023

Last year, we observed less activity in the higher-end housing market, mostly due to limited availability of larger houses. According to Tim Bannister, our property expert, the scarce supply of larger homes during and post-pandemic caused reluctance among homeowners to list their properties for sale. In addition, many potential movers had to adapt to significantly higher mortgage rates from historically low levels.

Now, with mortgage rates lower than their July 2023 peak, those who delayed their moves are now entering the market in 2024. For some, accumulated home equity has made the prospect of selling more appealing. With both mortgage rates softening and property prices stabilizing, sellers of larger homes are taking advantage of the situation. This has led to an increase in supply, which aligns well with growing buyer demand, consequently raising the number of sales agreements, especially for detached houses — showing a +17% increase. In contrast, sales for flats, typically favoured by first-time buyers, only saw a 6% annual increase.

Considering a Move in 2024?

If you’re planning a move and want to know your home’s value, an instant valuation can provide a quick estimate. For a more precise valuation, however, it’s best to consult with a local expert agent.